Comments on: Rents on the rise in San Francisco http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/ Real Estate, Insight, Statistics, Gossip, & News...With a Twist and Some Flavor Mon, 21 May 2012 00:11:30 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: BoomTime http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/comment-page-1/#comment-2368 BoomTime Fri, 21 Sep 2007 02:30:16 +0000 http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/#comment-2368 Rent is up at least 10% in areas like Pac Heights and other north end neighborhoods. I've got great tenants, and I just feel bad raising their rent that much, since they've been there that long. With prices up, rents up, and a 30-yr fixed mortgage, I am a very happy person. It's all about duration of the ownership. Anybody buying to sell within 5 years should NOT be buying. It takes about 2.5-3 years when you start saying to yourself, 'wow, that was cheap.' Inflation is a beautiful thing when you have fixed debt, and an inflating asset. Rent is up at least 10% in areas like Pac Heights and other north end neighborhoods. I’ve got great tenants, and I just feel bad raising their rent that much, since they’ve been there that long.

With prices up, rents up, and a 30-yr fixed mortgage, I am a very happy person. It’s all about duration of the ownership. Anybody buying to sell within 5 years should NOT be buying. It takes about 2.5-3 years when you start saying to yourself, ‘wow, that was cheap.’ Inflation is a beautiful thing when you have fixed debt, and an inflating asset.

]]> By: Luba Muzichenko http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/comment-page-1/#comment-2367 Luba Muzichenko Thu, 20 Sep 2007 22:01:31 +0000 http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/#comment-2367 Incredible! I remember looking for a studio apartment around 1999, and it was easy to find one for about $500-600 a month. Now, even a downtown hotel room in a residential hotel will cost you $800. (And no, I wasn't shopping for one.... just decided to check out what Craigslist showed for under $500 in San Francisco.) Incredible! I remember looking for a studio apartment around 1999, and it was easy to find one for about $500-600 a month. Now, even a downtown hotel room in a residential hotel will cost you $800. (And no, I wasn’t shopping for one…. just decided to check out what Craigslist showed for under $500 in San Francisco.)

]]> By: Boom Ending http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/comment-page-1/#comment-2366 Boom Ending Thu, 20 Sep 2007 20:06:24 +0000 http://thefrontsteps.com/2007/09/20/rents-on-the-rise-in-san-francisco/#comment-2366 Wow! Almost back to 2000 days. Shows you what a good deal buying in 2000 was vs renting. Wow! Almost back to 2000 days. Shows you what a good deal buying in 2000 was vs renting.

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